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March 24, 2023
International Paper Co, Wyndham Hotels & Resorts, Inc., Borgwarner Inc, among others, are the consumer_cyclical stocks approaching important price targets.
A quick recap of where the last trading session ended: Leading equity indices in the US rose as S&P 500 gained 0.56% and closed at 3,971. Dow Jones closed the day at 32,238, having gained 0.41%.
What is a Price Target?
A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Check out this rundown of consumer_cyclical stocks and their price targets.
International Paper Co rose 37 cents to close at $34.48 today which makes for a move of 1.08%. Today's gains are in contrast to International Paper's bearish trend (lasting 7 days) during which it lost $3.66 of its value. Investors eyeing potential reversal for International Paper after the company outperformed its daily average volume by 103%.
International Paper's market cap currently stands at $12 billion with an average daily volume of 2.86 million shares. $5.13 billion was International Paper's last reported revenue with 87 cents being the current EPS.
Having fallen $12.53 in 6 days, more of the same from today's session: during today's session, Wyndham Hotels & Resorts toiled and struggled for upward momentum before closing at $64.94. By the close, the the US hotel company suffered a 94 cents or 1.43% loss. Daily trading volume (1.93 million shares) was above the current multiday average of 759,773.
Borgwarner ascends 1.63% to close at $47.38 today. Today's trading volume was 2.11 million shares which is slightly below the 21-day average of 2.17 million.
